Levi & Korsinsky Alerts Investors Regarding FTAI Aviation Class Action Lawsuit and Deadline Approach
Levi & Korsinsky Class Action Lawsuit Notice
In recent news from Levi & Korsinsky, LLP, shareholders of FTAI Aviation Ltd. (NASDAQ: FTAI) are being alerted to a class action lawsuit concerning alleged securities fraud. The objective of the lawsuit is to recover losses for investors who were affected by deceptive activities between July 23, 2024, and January 15, 2025. As the court deadline approaches, it’s crucial for affected investors to be informed and proactive.
Background of the Case
This class action arises from significant allegations against the management of FTAI Aviation, claiming that they engaged in a series of misleading practices that artificially inflated their financial performance. Specific claims include:
1. Misrepresentation of Revenue: The complaint accuses FTAI of inaccurately reporting one-time engine sales as maintenance repair and overhaul revenue, which mischaracterizes the nature of these transactions. The company allegedly offers very limited repair and maintenance work on the sold engine assets.
2. Misleading Sales Representation: Furthermore, the lawsuit contends that FTAI presented whole engine sales as individual module sales, which inflated the perceived sales figures and demand for its products—essentially misleading investors regarding the operational health of the company.
3. Mismanagement of Depreciation: The complaint also points out that FTAI depreciates engines that are not leased. This practice misleadingly reduces the reported cost of goods sold, thereby inflating earnings before interest, taxes, depreciation, and amortization (EBITDA), which distorts the true financial picture presented to investors.
4. General Deceit in Business Operations: Overall, as a result of these actions, management's positive statements concerning the company’s business operations, prospects, and future were found to be materially misleading, lacking a reasonable basis in fact.
Next Steps for Investors
For those who suffered losses in FTAI Aviation during the specified timeframe, it is critical to act now, as the deadline to request appointment as the lead plaintiff is set for March 18, 2025. Joining this lawsuit does not necessitate acting as the lead plaintiff, and potential participants are encouraged to reach out to Levi & Korsinsky for more information.
To assist shareholders in navigating this process effectively, Levi & Korsinsky offers their services without any upfront fees or costs. Being a class member could entitle investors to compensation without bearing out-of-pocket expenses, thus presenting a risk-free opportunity for recovery.
Why Trust Levi & Korsinsky?
Levi & Korsinsky have a robust track record of achieving significant settlements for investors, consistently ranking among the top securities litigation firms in the United States. Over the past two decades, they have secured hundreds of millions in compensation for their clients, aiming to advocate for shareholder rights in complex securities matters. Their experienced team of over 70 professionals ensures dedicated representation for every client.
Contact Information
Investors looking for further assistance or those wishing to learn more about their rights are encouraged to reach out directly to:
- - Joseph E. Levi, Esq.
Phone: (212) 363-7500
- - Levi & Korsinsky, LLP
New York, NY 10004
Fax: (212) 363-7171
www.zlk.com
In conclusion, FTAI Aviation shareholders should urgently assess their involvement and consider participating in the ongoing class action to seek redress for any incurred losses. The upcoming deadline serves as an essential reminder of the need to take timely action in the face of potential securities fraud.
Topics Financial Services & Investing）
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